Ascend & Philharmonic have slim margins sure.
But do you consider the Salk Soundscape 12 piano high-gloss for $19K slim margins?
I'd say Salk has some pretty small margins. Probably not 2.8%, but slim. The SoundScape is very expensive to produce. Those woofers + passive radiators cost a ton, the tweeters cost a fortune (if not Jim's first born), the cabinet is very complex and very heavy, the woodworking is second to none, the crossover is complex with expensive parts.
While I probably wouldn't spend 16K on the SS12 (there are offerings more suited for my goals in the same price range), it's priced at 16K because the cost to build is high.
Look at those AE woofers! I got a pair for $406 out of luck. Normally it would have cost me $527 for the pair. Now factor in the "custom" cost.
I sure as hell wouldn't want to be J. Salk while ordering a pair of AE woofers! F that!
The RAAL 70-20XR is $1295/pr (DIRECT from the manufacturer!)
I have no idea how much the passives cost, but probably not a small amount!
Jim once said 40% of the cost is parts. 40% of $16,000 is $6,400. A speaker that costs $6,400 to build would retail for $32,000!!
$6,400 is only 20% the total cost of the 32K SS12!
That's one great thing about DIY...I can build an SS12 for
a lot less than 16K! That's the benefit of not having any employees to pay!